New Satyam CEO A S Murty says 'Yes! We Can'

BALASUBRAMANYA B Npro badge (CCI STUDENT....) (44679 Points)

05 February 2009  
CHENNAI: Employees of Satyam, on Thursday welcomed the appointment of global delivery head AS Murty as the new CEO by the government appointed
board of the crisis-hit company.

The move went down well with Satyam employees, who see him as a neutral executive and one who is not part of disgraced Satyam founder, Ramalinga Raju's coterie.

These employees earlier expressed dissent when Ram Mynampati took charge as interim CEO of Satyam, following Raju's confession of perpetrating a Rs 7,000 crore fraud.

Following his appointment as CEO, Mr Murty addressed tens of thousands of Satyam employees at different locations through a web cast that lasted over half an hour. The speech was aimed at motivating and reassuring employees, who have had to cope with social stigma and insecurity after news of the Satyam fraud came out last month.

"If an internal person, has to head Satyam, Murty is the best. He has good knowledge of delivery, HR and associates(employees). I would say that of the over 50,000 Satyam employees, Murty would be familiar with at least 10,000. I am sure he would know the top 500 leaders by name," said a long-time employee of Satyam, who did not wish to be named.

About Murty's association with Raju, the same employee said, "Raju did not accord him any special place or promotion. He is like the Pranab Mukherjee of Satyam, an effective troubleshooter, who can keep the employees together."

Another employee in the company's research division said, "He is seen as a neutral person, who s been there for a long time and knows everybody. He will take everybody along and help tide over the crisis."

An employee who heard Murty'sweb cast said, "He reassured us about salaries and said cash requirements would be taken care of. He motivated us by saying that we need to rebuild Satyam to its past glory. He also reiterated commitment to all stakeholders and said the focus would be on operational excellence and customer relationships."